Haverford Trust Co Buys Shares of 344,350 Philip Morris International Inc. $PM

Key Points

• Haverford Trust purchased 344,350 shares of Philip Morris International in the second quarter, valued at approximately $62.3 million. Institutional investors collectively own 78.63% of the company.
• Analysts remain broadly bullish: ten rate PM a Buy and two rate it a Hold, with an average price target of $205.89 and several firms recently raising targets to as high as $225.
• Philip Morris beat quarterly expectations, reporting $2.20 EPS and $11.19 billion in revenue, up 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, representing a 3.1% yield.

Haverford Trust Co purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 344,350 shares of the company's stock, valued at approximately $62,296,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GQG Partners LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at $8,220,008,000. Capital International Investors grew its position in Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company's stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors grew its position in Philip Morris International by 25.3% in the fourth quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors increased its stake in Philip Morris International by 2.8% in the fourth quarter. Capital World Investors now owns 132,355,726 shares of the company's stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company's stock valued at $2,111,198,000 after acquiring an additional 2,755,662 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Bank of America reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, May 21st. Stifel Nicolaus raised their price objective on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Barclays boosted their target price on Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Citigroup upped their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $205.89.

Philip Morris International Stock Down 1.8%

Shares of NYSE:PM opened at $188.14 on Friday. The stock has a market cap of $293.24 billion, a PE ratio of 27.03, a PEG ratio of 2.27 and a beta of 0.38. The company's fifty day moving average is $186.03 and its 200 day moving average is $178.36. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $207.76.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Sell-side analysts anticipate that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International's dividend payout ratio (DPR) is presently 84.48%.

Philip Morris International Company Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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